J.B. Hunt Transport Services (NASDAQ:JBHT) Announces Quarterly Earnings Results

J.B. Hunt Transport Services (NASDAQ:JBHT) announced its quarterly earnings results on Thursday. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09), Briefing.com reports. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS.

J.B. Hunt Transport Services Trading Down 0.1 %

Shares of JBHT stock traded down $0.21 during trading hours on Thursday, reaching $186.34. 1,521,413 shares of the stock traded hands, compared to its average volume of 796,125. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $18.79 billion, a PE ratio of 33.88, a PEG ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The business has a fifty day moving average price of $180.51 and a 200 day moving average price of $173.67.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at $1,563,579.45. The trade was a 16.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the sale, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,459 shares of company stock worth $2,136,277. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JBHT. BMO Capital Markets restated an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Bank of America lifted their price objective on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday. TD Cowen upped their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, Citigroup raised their price objective on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $192.33.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.